albo is a new kind of bank in your smartphone. albo is your digital account: a Mastercard and an app that replace your bank.
albo simplifies the processes so that you can receive, transfer and spend your money freely by utilizing technology and creativity.
Albo was founded in Oct 2014 and based in Mexico City, Distrito Federal, Mexico.
albo's goal is to improve the life of our society, putting passion, total honesty and integrity in everything we do.
Albo is a Mastercard debit card and a personal finance app that allows customers to open a bank account in five minutes through a branchless experience.
albo is backed by Valar Ventures, Mountain Nazca and Flourish Ventures. The company raised an additional $19M to it's Series A financing that was in Jan 2019, with $7.4M, bringing the company’s total Series A funding amount to $26.4 million. albo has raised a total of $27.5M in funding to date.